According to the official announcement of Ju.com, its platform currency JU has launched the first strategic repurchase and destruction plan. The first repurchase amount reached 20 million US dollars, and the destruction will be completed in batches.

It is reported that Ju.com has repurchased a total of 500,000 JU tokens. The tokens will be destroyed in batches and 100% will be deposited into the destruction address: 0x00000000000000000000000000000000000000dEaD

Ju.com stated that this repurchase and destruction is an important part of the platform's strategic deflation mechanism. Previously, Ju.com had announced the launch of a strategic repurchase and destruction plan to cope with market fluctuations and enhance the long-term value of the platform currency. In the future, long-term mechanisms including regular profit repurchases and capital introduction will be proposed by the community governance committee and voted on by all coin holders to ensure community consensus and transparent governance. Ju.com also emphasized that the platform will continue to provide profit support for the repurchase fund to consolidate the value foundation of JU.